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Credibility Venture Pitch EI

Published on Nov 19, 2015

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PRESENTATION OUTLINE

WELCOME TO CREDIBILITY

FREE 24/7 CREDIT CONTROL

What does Credibility do?

Free 24/7 Credit Control for SME's
Photo by Leo Reynolds

European Market

  • 20,000,000 SME's in EU
  • 60% have wasted resources chasing debts
  • 34% Business owners using own money to fund late payers
Photo by rockcohen

UK Market

  • 1 in 4 UK SME's spend 10hrs or more chasing late payments
  • UK SME's in 2014 were owes £39.9 Bn
  • An increase of 30% from 2013 £30Bn
  • Source Barclays Bank "When will SME's be paid on time?"

Receive Alerts

Customised or Automatic you decide!!

YOUR CUSTOMERS BEFORE YOU SELL TO THEM

Photo by LendingMemo

SEND TO A DEBT COLLECTOR

TRACE AWOL DEBTORS

Trace anyone who owes you money for €100 ex Vat no find no fee!!
Photo by atomicbeard

OR GO LEGAL

Photo by PauliCarmody

Anytime - Anyplace -Anywhere

Photo by jrmllvr

ALL IN A SINGLE CLICK

Who thinks this is a good idea?

  • SAP
  • Intuit UK
  • SFA Ireland 8000 members
  • Big Red Cloud
  • Indian Chamber of Commerce 200,000 Co's
Photo by paul bica

Financials

  • 250K for 10% Match Funding with Enterprise Ireland
  • Approx 16k pm Cashburn
  • No revenue in 1st in projections but expected
  • Cash flow positive Q1 yr 2 on conservative basis
Photo by LendingMemo

What we need the money for!

  • Increase Dev Team
  • Release founders to sell
  • Develop SAP product 6 mths
  • Develop "Glimpse Data" Algorithm
  • Phone App for SME Product

The Team

  • Richard Hobson system designer 15 yrs Debt Collection exp
  • Aurobinda De Head Programmer Aviva Insurance
  • Dimitri Zatsev Associated Maths Professor Trinity College Dublin

Thank You Any Questions?

Credibility

Because Geting Paid Is Never Boring!